Top Movers Stock : Tejasnet , IDEA, ARE&M,NBCC, TTML,HSCL , RVNL,ITI,KEI.
📊 Stock Market Closing Updates: Morgan Stanley maintains overweight call on Reliance Industries, with a target of Rs 3,046.
📈 Key Points:
- Q4 Earnings: Slight beat to estimates observed.
- Performance Highlights: Energy EBITDA stands out while the retail segment records lower figures.
- Financial Health: Net debt & capex intensity declined to lowest in 2 years, with FY24 Free Cash Flow (FCF) at USD 1.3 billion.
- Potential Catalysts: Anticipates multiple catalysts for re-rating across verticals as the company exits its 4th investment cycle.
📈 Sensex Today Update: Nifty Midcap 100 index witnesses a surge of 1 percent.Vodafone Idea , Aditya Birla Fashion & Retail, Tata Teleservices
Top gainers in the NIFTY Midcap 100 index for the intra-day session:
| Company | CMP | Chg(%) | Volume |
| Vodafone Idea | 14.65 | 13.57 | 1,887.53m |
| TataTeleservice | 86.55 | 11.39 | 35.36m |
| Aditya Birla F | 255.10 | 5.96 | 9.03m |
| Motherson SWI | 72.30 | 3.88 | 8.42m |
| AB Capital | 210.50 | 3.85 | 6.51m |
| Oberoi Realty | 1,474.75 | 3.63 | 633.85k |
| Yes Bank | 25.95 | 2.98 | 247.64m |
| IEX | 153.20 | 2.89 | 7.93m |
| Deepak Nitrite | 2,365.75 | 2.78 | 250.65k |
| Prestige Estate | 1,275.75 | 2.64 | 337.00k |
Stock Market closing Updates | USFDA issues Form 483 with 5 observations for Aarti Drugs’ Baddi unit
Aarti Drugs has informed that the United States Food and Drug Administration (USFDA) has inspected the Formulations (Oncology) manufacturing facility of its subsidiary (Pinnacle Life Science Private Limited) at Baddi, Himachal Pradesh from 16th to 22nd of April 2024.
The company will work closely with the US FDA in resolving all points.
📉 Sensex Today’s closing Update: Heubach Colorants India stock experiences a sharp decline of over 10%.
(SOURCES: GOOGLE LIVE CHART)
📉 Reason for Plunge: The stock price plummeted following news that its sister company, Heubach GmbH, filed for bankruptcy in Germany on April 22. Heubach GmbH is recognized as the second largest pigments player globally, and both firms are part of the Heubach group.
Conclusion of Stock Market Closing Update : On April 23, benchmark indexes the Sensex and the Nifty continued to rise for the third day in a row as volatility sharply decreased and worries over the crisis in West Asia subsided. Although broader indexes beat the benchmarks, most sectors saw greater trading.
The Nifty rose 71.70 points, or 0.32 percent, at 22,408.10 in the afternoon, while the Sensex climbed 230.90 points, or 0.31 percent, at 73,879.52. Gainers benefitted from a wider market as 2,105 shares increased, 1,161 fell, and 82 remained unchanged.